Debtonation

DEFINITION of 'Debtonation'

A financial blog that documents the financial crisis that began in the late 2000s as a result of the subprime mortgage meltdown. The blog, at www.debtonation.org, is run by Ann Pettifor, an economist who claims to have predicted the crisis back in 2003.

BREAKING DOWN 'Debtonation'

Among other accomplishments, Pettifor is a fellow of the New Economics Foundation, a U.K.-based think tank focused on social justice, environmental sustainability and collective well-being. She is also the co-author of "The Green New Deal", a book about the relationship between the financial crisis, climate change and oil depletion.